2 Articles
1 / 1
42Is there a link between Fiat and Gaddafi?

Muammar Gaddafi has been running the show in Libya for the last 42 years. During that time, he's also been behind the investment maneuvers of the Libyan Arab Foreign Bank. In 1976, he reportedly instructed that $415 million be used to buy a stake in Fiat. Over time, that investment has turned into a 14 percent ownership stake in the Italian automaker.

1 / 1